Transformers and Rectifiers (India) Limited has been awarded orders of Transformers for total contract value of Rs235cr from Gujarat Energy Transmission Corporation Limited (GETCO).
According the regulatory filing, the said orders fall under the normal course of business. The Company neither has any interest in these entities that awarded the orders nor fall within related party transactions.
“Thank you GETCO for trusting us for quality, reliability and customer focused service in supplying transformers”, said the company.
With this order, the Company’s Order book as on date stands around Rs986cr.
The Company continuously thrives to deliver quality products and services and over a period of time has become a leading manufacturer of transformers in the Country, it added.
At around 1:27 PM, Transformers & Rectifiers India was trading at Rs37.50 apiece up by Rs2.2 or 6.23% on Sensex.
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